Waverley Hotel

88-94 Main Street, Callander, Stirling, FK17 8BD

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Pub overview

A well established business producing exceptional sales from a mix of food and drink, while complimented by 10 high quality en-suite letting bedrooms. This site also has 3 private flats.

The Waverley offers a great selection of cask ales (awarded Cask Marque), a wide selection of premium lagers, premium wines and an extensive selection of Scottish whiskies and gins. The restaurant offers daily a quality food menu inspired by the local area which includes the traditional pub favourites. We are looking for an experienced operator who can demonstrate the ability to drive the sales and profit of this already successful business.

Fully refurbished in 2017 this traditional Scottish inn and bar is well known and frequented by locals and visitors. During the months of April to October, Callander enjoys a huge influx of tourists and day trippers exploring this popular tourist town and surrounding areas. The premises are well laid out ensuring a fantastic atmosphere and setting, whether you are dinning in the restaurant, just in for a quiet drink or there to watch live sport and catch up with friends. This site has a wide range of activities available including golf, fishing, shooting, walking, hiking, horse-riding, cycling and water sports. The Waverley also boasts a traditional bar area where locals and visitors mingle.

A successful, profitable, ready to go business comprising of a full length bar servicing a the lounge/bar area, a restaurant with an additional area for food and drink adjacent to the main lounge bar. There are 10 quality en-suite letting bedrooms plus 3 flats which could be used as family accommodation or can be let out. There is also an external patio/astro-turf beer garden with seating for up to 25 people. To the front of premises there is an external licenced area which will seat up to 20 people. The trade kitchen is also large and fully functional. This site has a major refurbishment in 2017.

Trade space
Bars 1
Dining rooms 3
Food covers80
Trade kitchens 1
Rooms to let 10
Patio areas 1

This site has a rare opportunity where there are 3 private flats. Flat one consists of 2 bedrooms, a lounge, kitchen, bathroom and small office Flat two includes 2 bedrooms (1 hash an en-suite bathroom), a lounge and bathroom. Flat 3 has 2 bedrooms, a lounge, bathroom and kitchen.

Private space
Private Rooms18
Lounge3
Single Bedrooms2
Double bedrooms4
Private Kitchen2
Bathrooms3
Toilets3
Office1

Rent information

Annual rent£71,277 per annum plus 9.0% Turnover Royalty
Notes

£71,277.00 per annum, £1,370.71 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.

Entry costs approx £28,225 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, schedule of dilapidations, working capital and deposit (25% of head rent, minimum £6,000). *Please note the F&F is shown as a 25% deposit of the estimated cost at £45k. An Assisted Purchase agreement will be available for the right operator.

Brokers£0Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£11,250Working capital£10,000
Other costs£1,295Total entry cost£29,520

Agreement description

Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182422,3126,269
2016/172682,2157,099
2015/162672,4987,062
Volume notes

Location

The Waverley is located in Callander, the small town in the council area of Stirling, Scotland, situated on the River Teith. The town is located in the historic county of Perthshire and is a popular tourist stop to and from the Highlands. Known as the Gateway to the Highlands and self proclaimed capital of the Trossachs National Park, only half an hour from Stirling and less than an hour from Glasgow. With there being a wdie range of activities available.

Facilities

Trade bar
Dining area
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Sunday - Thursday - 11:00 hrs - 00.00 hrs Friday - Saturday - 11:00 hrs - 01:00 hrs

Contact Us

Billy Guthrie

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Waverley Hotel provides a fantastic opportunity for a new operator to build on the great sales being generated by this fabulous traditional Scottish inn and bar. Situated on the High street in the middle of Callander, the hotel is a brilliant site with an established offer to focus on building sales and profits. Furthermore, the current high standards and service levels really drive this business. ”